Earnings Limit For Exogenous Events Sample Clauses

Earnings Limit For Exogenous Events. If and when the Company makes a filing seeking an adjustment that increases rates under this section, if the average return on equity, calculated using the same methodology as set forth in section F below, for the time period from July 1, 2002 to the end of the last quarter prior to the date of the filing for such adjustment, exceeds 11.25%, the Company will not be permitted to make a rate adjustment until the average return has dropped below 11.25%. If and when the average return drops below 11.25%, the Company may only recover costs on a prospective basis.
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